Posts Tagged ‘BAC’

PostHeaderIcon Jim Cramer throws in the towel

PostDateIcon March 16th, 2010 | PostAuthorIcon Author:

By Jim Cramer, TheStreet

If you are like me, you are tired of opining on bills that come out of Washington, betting that they will look anything like the legislation that will become law.

There is enough, for example, in Sen. Chris Dodd’s proposal to be construed as a “Break up Goldman Sachs (GS)” bill. you could say that Goldman loses both its private-equity arm and its prop-trading arm. you could say that it will not be able to use leverage. Heck, you could say that Goldman Sachs will be beaten by your local community banks.

Similarly, you could say that Bank of America (BAC), Wells Fargo (WFC) and JPMorgan (JPM) will have to split into a bunch of companies, kind of what the government made Ma Bell do. you could easily argue that this law forces Bank of America to split into all of the divisions that made it into the national bank, including shedding Merrill. you could say that JPM and WFC have to undo all of their deals that the government asked them to do or assisted them in doing.

Jim Cramer throws in the towel

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PostHeaderIcon Prosperous Times are Ahead for 2010

PostDateIcon December 27th, 2009 | PostAuthorIcon Author: super_stocker
We have just went through one of the worse periods ever in the United States.  The second great depression has finally past.  It’s time to rebuild.  We, as a nation, will continue to have a flourishing economy.  Better times are ahead, and with that, we will have continued stock growth.
Commodities will continue to become a key player.  The billions of dollars being produced will bring us out of one of the worse catostrophies in US history.  It will bring on an offset of inflation that will beset to become another problem the government will have to control.  We can use this to our advantage.  Oil, gold, platinum, palladium, silver, all these commodities will become more valuable.  We’ve already hit $1200 gold.  We still haven’t seen this record growth in the ‘useful’ metals.  I’m talking the commodities that are used to build things.  As the global economy continues to grow, we will see another surge of industry booms.  This means more demand for oil, more tools to be built with silver, and platinum and palladium being used to build more cars.  Don’t listen to the naysayers.  The dollar might be strengthening now but long-term commodities will become more valuable.
As we continue to get away from fossil fuels we will become more dependent our clean resources.  Natural gas will continue to get more popular.  We have stockpiles of natural gas.  Fractural drilling has brought on one of the largest stock piles of natural gas in the US.  We saw the prices hit rock-bottom in 2009.  Watch the natural gas stocks start moving up like oil has for the past 30 years.
Alternative energy will continue to prosper.  We are in no period to which we can reverse.  It’s not the 1980s where we will hit rock-bottom oil prices.
China is growing at a record pace.  It will need more oil.  Same as other growth counties.  As we use up the last stockpiles of oil we will need to adjust our demand for fossil fuels and move into alternative energies.  Look for wind power, solar power, geothermal energy, and nuclear energy to grow.  We are still figuring out the potential of each.  With Obama money you will see continued growth in all these alternative energies.  Climate change will furthur strengthen the cause for alternative energies.  Diversify.  Put money into good companies and watch your stocks grow as the economy improves.
Healthcare will again become a growing industry.  We have a bunch of boomers that have reached retirement age.  They will need healthcare, retirement centers, and bring another influx of necessary services to help the seniors.  We also have a new government funded health plan that will bring insurance to all the people.  Demand for generics will increase.  Look for major healthcare companies to find ways to make money in these areas.
As people begin working again look for retail to increase.  Look for major stores that will produce affordable goods.  Look to supermarket stocks such as Kroger to grow.  They produce affordable perfumes and other items that people would normally go to malls to buy.  They have diversified their inventory base to produce for affordability and the frugal consumer.  They are producing for the future where we will become a saver nation. Watch for major department stores such as Wal-Mart to continue to be key leaders in their industry.
The banking industry will continue to grow once again.  Banks have finally paid off their TARP money.  Small and medium size banks will consolidate to the bigger Wells-Fargo, Citigroup, JP Morgan, and Bank of America.  Major banks will become the defining financial companies to run our country.  Agree to disagree.  The government will make sure these financial companies stay in business to keep us running.
Prospering times are ahead.  We will have our normal corrections, but let it be known, we have reached the bottom of the economic cycle.  It might take a while to start moving up, but it’s time to position your investments for the future.  Now, let’s make some money!
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PostHeaderIcon Bank Stocks Ready to Rise

PostDateIcon December 19th, 2009 | PostAuthorIcon Author: super_stocker

Bank of America (BAC) and Citigroup (C) are both repaying their TARP funds so they can reward their executives with huge salaries and bonuses.  Citigroup made a huge offering this week to sell over $30 billion dollars of common stock.  Bank of America already paid off its $45 billion TARP funds with a $19.3 billion equity offering recently.  Both stocks trade at lows that we won’t see for a long time.  Citigroup went as low as $3.20 recently this week and Bank of America reached a low it set in July at $15.  These prices are valid bargains and with the amount of money the FED is creating you can bet these stocks will go up as inflation-protected stocks.  They also will continue to make more revenue as they release more loans out which the government is encouraging to help create more businesses and jobs.

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PostHeaderIcon Is it time to put our money back in?

PostDateIcon March 11th, 2009 | PostAuthorIcon Author: super_stocker

Dow Jones moves up +379.44 to a magnificent 6,926 points.  This is an absurdly high increase in the DOW.  Two reasons are a big boost in Citi (C) and Bank of America (BAC) which are both part of the DOW top 20.  A profit report from the bank is huge, expect many more green things to be happening from stocks.  Short sellers will start getting more money out as they are seeing the bottom of the Dow.  However, this is not the bottom yet!  We haven’t hit below 6,500.  Once the stock prices hit below this mark, it will be a great time to start getting in the market and investing again.  I see the big boost as just a starting point of good things to happen, but don’t expect any big gains for at least another year.  We will see many more hills that look like ‘the rally’, but don’t be fooled.  We have a lot of rich people with tons of money that can manipulate the market every way they feel fit.  If you know how to play the short-term, you could probably make some dough selling on highs and buying on bottoms.

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